By Commodity News Service Canada
WINNIPEG, February 15 – The Canadian dollar was weaker against its US counterpart in early activity on Wednesday.
The commodity-linked loonie was pressured by losses in the crude oil market. Crude prices declined with large US inventories, which is bearish.
At 9:55 CST Wednesday, the Canadian dollar was at US$0.7625 or US$=C$1.3115, which compares with Tuesday’s North American close of US$0.7651 or US$1=C$1.3071.
In Canadian domestic data, manufacturing sales increased for the second consecutive month, up 2.3 per cent to C$53.5 billion in December, following a revised increase of 2.3 per cent in November, Statistics Canada said in a report on Wednesday.
The TSX was up 24.70 points at 9:55 CST Wednesday morning to sit at 15,810.73.
